Administrative Accountant

Managing Financial Records: Maintaining accurate and up-to-date records of all financial transactions related to property sales, purchases, leases, and operating expenses. ERP systems facilitate this by providing a centralized database.

Preparing Financial Statements: Generating essential financial reports such as balance sheets, income statements, and cash flow statements for individual properties or the entire real estate portfolio. ERP software automates the compilation of these statements.

Budgeting and Forecasting: Assisting in the creation of annual budgets and financial forecasts for properties, tracking performance against these budgets within the ERP system, and providing variance analysis.

Managing Accounts Payable and Receivable: Processing invoices, making payments to vendors, managing tenant payments, and following up on delinquent accounts, all within the ERP`s financial modules.

Bank Reconciliation: Regularly reconciling bank statements with the general ledger in the ERP system to ensure accuracy of cash balances.

General Ledger Maintenance: Ensuring the integrity of the general ledger by posting journal entries, reviewing account balances, and making necessary adjustments within the ERP.

Tax Compliance: Ensuring compliance with local, state, and federal tax regulations, preparing tax returns, and assisting with tax audits. ERP systems can help in organizing tax-related data and generating reports for tax preparation.

Audit Preparation: Preparing audit work papers and supporting documentation for internal and external audits, and collaborating with auditors by providing necessary information from the ERP system.

Ensuring Regulatory Compliance: Staying updated with changes in accounting standards and real estate regulations and ensuring that all financial operations comply with these requirements, often facilitated by the ERP`s compliance features.